If you study Bitcoin you realise that not only real world assets but all crypto assets fall to 0 on a relative basis against Bitcoin An the reason is quite simple - If you believe the USD and other fiat is all going to 0 then the platform value of servicing stablecoins and fiat value isnt where the long term value is since all value there is determined in fiat denomination (And thats assuming stablecoins bring the hyped returns people think to their platforms) Hence you realise the token has to have value in itself without the need for other things to be on other layers as a starting basis as that unit of account needs to be of value first and foremost An only proof of work provides that fair basis where all participants buyers or miners are able to acquire something at market equilibrium risk adjusted Stablecoins and finance are big and it will benefit the whole space Bitcoin included but you have to separate the cognitive dissonance of believing something is worthless and yet at sametime thats why its going to bring value in the long term- You cant forget that stablecoins are just digital versions of fiat To put it simply Bitcoin has value in itself before anything is built on layer 2s and over time Bitcoin reprices everything denominated in fiat down including other crypto assets Most crypto assets only derive value from mediating usage and could not sustain value on its own #Bitcoin